Norwegian authorities have caught OneCoin in a lie, and now the company faces serious trouble in the country.

The Norwegian Gaming Board began investigating OneCoin in early 2016, sending the company a reminder about MLM regulations that April. OneCoin ignored follow-up requests for confirmation it received the letter. By October, nothing had arrived.

Frustrated, the Gaming Board decided to see for itself. The regulator requested an invite to a Norwegian OneCoin event in March. When the company refused, they showed up anyway.

What they saw contradicted everything OneCoin would say next. The board watched Norwegian OneCoin affiliates pitch the scheme firsthand. Yet shortly after, OneCoin's lawyer told the regulator the company had "no business in Norway and no plans for it."

The Gaming Board wasn't buying it. "Having attended a Norwegian OneCoin event and seen Norwegian OneCoin affiliates with their own eyes, the regulator called OneCoin's bluff," an official said in response. The board made clear that operating from abroad doesn't shield a company from Norwegian law.

The pressure intensified when Økokrim, Norway's national authority for economic crime investigation and prosecution, asked the Gaming Board about OneCoin. That's when the board escalated its demands.

On June 6th, the Gaming Board's letter to OneCoin's lawyer got specific: they wanted the names and addresses of every person operating OneLife and OneCoin in Norway while earning commissions from the scheme. The board wanted documentation proving those commissions came from actual retail sales to customers outside the affiliate network.

This request cut to the heart of why OneCoin is a pyramid scheme. According to the company's own business model, there are no retail customers. Everyone who makes money in OneCoin is an affiliate. One hundred percent of revenue used to pay commissions comes from new affiliate investment.

Under Norwegian law, MLM companies that derive more than 50 percent of commission revenue from internal sources—money from affiliates themselves rather than retail customers—operate illegally as pyramid schemes.

If OneCoin complies with the Gaming Board's request and provides those names and documents, the company will essentially be outing its own pyramid scheme operators to authorities. If it refuses, Norway has leverage to shut the operation down.

Either way, OneCoin's time in Norway appears to be ending.

🤖 Quick Answer

What action did the Norwegian Gaming Board take after OneCoin ignored regulatory requests?
The Norwegian Gaming Board, frustrated by OneCoin's non-compliance with MLM regulation reminders and follow-up requests, decided to investigate independently. In March 2017, the regulator requested an invitation to a Norwegian OneCoin event. When the company refused, authorities attended anyway, directly observing Norwegian affiliates promoting the scheme.

What contradiction emerged from the Gaming Board's investigation?
The Gaming Board witnessed Norwegian OneCoin affiliates actively pitching the scheme at a March event. However, shortly afterward, OneCoin's legal representative informed the regulator that the company had no business operations in Norway and no future plans to establish them, directly contradicting the observed evidence.

🔗 Related Articles

- OfferHubb v2.0: Mixing AdSurf Daily & Zeek Rewards
- Paul Darby claims FBI agent cleared YouGetPaidFast
- BTG180 to hit Robert Craddock with legal action
- Icanget2 Review: Send messages via an app? Tell me more!
- Trivaren Review: Knights pushing cancer cures?